The December data shows an annual price increase of 6.4% which takes the average property value in England and Wales to £188,270. Monthly house prices rose by 1.2% since November 2015.
The regional data indicates that:
- London experienced the greatest increase in its average property value over the last 12 months with a movement of 12.4%
- London also experienced the greatest monthly growth with an increase of 2.1%
- the North East saw the lowest annual price growth with an increase of 0.8%
- Wales saw the most significant monthly price fall with a decrease of 0.8%
Sales and repossessions during October 2015, the most up-to-date figures available, show that:
- the number of completed house sales in England and Wales fell by 8% to 79,960 compared with 86,452 in in October 2014
- the number of properties sold in England and Wales for more than £1 million fell by 2% to 1,231 from 1,258 a year earlier
- repossessions in England and Wales fell by 51% to 431 compared with 888 in October 2014
- the region with the greatest fall in the number of repossession sales was London with a fall of 71% from October 2014
Access the full December HPI report.
Price change by region
| Region | Monthly change since November 2015 | Annual change since December 2014 | Average price December 2015 |
|---|---|---|---|
| London | 2.1% | 12.4% | £514,097 |
| East | 1.7% | 10.6% | £218,837 |
| England and Wales | 1.2% | 6.4% | £188,270 |
| Yorks and Humber | 1.2% | 3.8% | £125,492 |
| South East | 1.1% | 9.5% | £261,581 |
| West Midlands | 1.1% | 4.8% | £142,731 |
| North West | 0.9% | 5.0% | £116,152 |
| South West | 0.8% | 6.8% | £196,134 |
| East Midlands | -0.3% | 4.2% | £137,171 |
| North East | -0.7% | 0.8% | £99,069 |
| Wales | -0.8% | 3.4% | £121,780 |
Average price by property type 2015 to 2014
| Average price by property type (England and Wales) | December 2015 | December 2014 | Difference |
|---|---|---|---|
| Detached | £294,410 | £278,341 | 5.8% |
| Semi-detached | £178,140 | £167,019 | 6.7% |
| Terraced | £141,998 | £133,360 | 6.5% |
| Flat/maisonette | £180,598 | £169,732 | 6.4% |
| All | £188,270 | £176,952 | 6.4% |
Sales volumes 2014 to 2013
| Month | Sales 2014 England and Wales |
Sales 2013 England and Wales |
Difference |
|---|---|---|---|
| January | 65,268 | 43,435 | 50% |
| February | 65,078 | 45,305 | 44% |
| March | 67,418 | 54,779 | 23% |
| April | 70,364 | 51,102 | 38% |
| May | 77,607 | 66,414 | 17% |
| June | 80,945 | 66,255 | 22% |
| July | 84,761 | 73,798 | 15% |
| August | 87,939 | 79,571 | 11% |
| September | 78,916 | 69,780 | 13% |
| October | 86,452 | 76,742 | 13% |
| November | 73,250 | 82,944 | -12% |
| December | 78,109 | 79,726 | -2% |
| Total | 916,107 | 789,851 | 16% |
Sales volumes 2015 to 2014
| Month | Sales 2015 England and Wales |
Sales 2014 England and Wales |
Difference |
|---|---|---|---|
| January | 56,829 | 65,268 | -13% |
| February | 57,930 | 65,078 | -11% |
| March | 65,365 | 67,418 | -3% |
| April | 62,409 | 70,364 | -11% |
| May | 71,947 | 77,607 | -7% |
| June | 80,800 | 80,945 | 0% |
| July | 88,587 | 84,761 | 5% |
| August | 79,416 | 87,939 | -10% |
| September | 74,802 | 78,916 | -5% |
| October | 79,960 | 86,452 | -8% |
Repossessions by region 2015 to 2014
| Repossessions by region | October 2015 | October 2014 | Difference |
|---|---|---|---|
| East | 21 | 65 | -68% |
| East Midlands | 31 | 77 | -60% |
| London | 24 | 82 | -71% |
| North East | 13 | 25 | -48% |
| North West | 112 | 208 | -46% |
| South East | 49 | 90 | -46% |
| South West | 30 | 56 | -46% |
| Wales | 41 | 78 | -47% |
| West Midlands | 38 | 64 | -41% |
| Yorkshire and The Humber | 72 | 143 | -50% |
| All | 431 | 888 | -51% |
Access December Price Paid Data dataset.